Idaho Strategic Resources produces gold at the Golden Chest Mine and maintains an important strategic presence in the U.S. Critical Minerals sector. New ticker symbol will be $IDR
The bottom line is gold and gold stocks just enjoyed big upside breakouts. The proximate driver was Russia-invading-Ukraine fears, but both the metal and miners had well-established young uplegs running for months before Putin..
Keep in mind that the 18 month bullish falling wedge is typical in a bull market. Sometimes they can be smaller or bigger but after a strong impulse you have to expect some type of trading range to form.
Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.
The bottom line is gold stocks often experience a strong spring rally seasonally. This is driven by gold’s own seasonality, where outsized investment demand arises at certain times during the calendar year.
In fact, gold stocks are about to dethrone oil and gas as the top-performing sector in both the US and Canadian equity markets. Oil is another strategic commodity whose price has soared on rising tensions in Ukraine.
Americans are gleefully tossing their virus masks into the garbage can, just when they should consider buying hazmat suits and building bomb shelters. Alas, such is the irony of life.
